Telecom sector has ample opportunities, government investing heavily for growth: MoS IT Rajeev Chandrasekhar

The telecom know-how of the longer term will likely be very totally different from those current proper now and, subsequently, presents ample alternatives for extra gamers within the telecom market, the minister of state for electronics and knowledge know-how Rajeev Chandrasekhar mentioned.

Speaking to media individuals on Wednesday, Chandrasekhar mentioned that the federal government was investing in and rising the general market capitalisation of the telecom sector.

“There was a flight of capital and flight of foreign investors. A large number of telecom international brand names that invested in India, left because their businesses were destroyed mainly due to corruption or crony capitalism,” Chandrasekhar mentioned.

The central authorities is now investing closely in ramping up know-how infrastructure throughout the nation at a time New Delhi’s reshaping key laws throughout the digital and telecommunications sectors.

“We are rapidly investing in the sector, growing the overall market capitalization and size of this segment in the digital economy,” Chandrasekhar mentioned.

The telecom sector had additionally decreased dependency on imported gear, he mentioned, including that up till 2014, about 85% of the telecom gear was imported whereas now 100% was made in India and even exported to geographies like North America, he mentioned.

“We are the second fastest rolling 5G network in the world. And over 700 districts in India have already had 5G coverage. Over 500,000 base stations have been rolled out in this cutting-edge technology and we are already having a vision and a roadmap for 6G,” Chandrasekhar mentioned.

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